Pinnacle Investment Management Group Limited (AU:PNI) has released an update.
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Pinnacle Investment Management Group Limited has announced becoming a substantial holder in Technology One Limited, following the acquisition of a funds management business by an affiliate. As of August 2, 2024, Pinnacle and its affiliates have secured a 5.27% voting power in Technology One, with 17,172,223 ordinary fully paid shares. This strategic move signifies Pinnacle’s growing influence in the technology investment sector.
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